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Sylios Corp. (UNGS)

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Last Post: 9/16/2014 10:37:15 AM - Followers: 548 - Board type: Free - Posts Today: 24

OTC:UNGS



ST. PETERSBURG, Fla. / ACCESSWIRE / August 15, 2014 / Sylios Corp (OTC Pink:UNGS), through its subsidiary, The Greater Cannabis Company, LLC, is pleased to announce that it has entered into a U.S. based licensing agreement with Artemis Dispensing Technologies ("Artemis") for the development and resell of its automated dispensing product.

Under the collaboration and license agreement, Artemis will be responsible for the development of a high end automated dispensing product. Upon launch and sales of the product, Artemis will be responsible for the installation, training and customer support for the hardware and software. The Company will be responsible for direct sales, addition of key distributors and sub-licensing of specific territories within the U.S.

Under the terms of the agreement, the Company will pay to Artemis a one-time licensing fee in the amount of $500,000.00 broken into tranches and based on development parameters. The Company has made the first payment towards the licensing agreement. Artemis will also receive a percentage of transaction fees generated on a monthly basis per unit. The Company will receive revenue generated directly from sales either though its website or sales staff, a royalty from sales generated through third party vendors/distributors, transaction based revenue and a percentage of any sub-licenses sold. In addition, the Company shall have the first right of refusal to purchase a license for the use of the same technology in other countries.

The Company's intended use of this product is solely as its first tier cannabis dispensing product. The product is scheduled to be completed and launched during the fourth quarter of 2014. As previously announced, the Company will launch its website dedicated to the new cannabis dispensing product in the very near future and anticipates presales to commence immediately thereafter.

Artemis previously entered into a Master License Agreement for the development and use of this proprietary technology focusing on automated dispensing units, inventory management and digital signage. By entering into this license agreement with Artemis, the Company has retained the full scope of technology required for launching an advanced cannabis dispensing product.

As such, the Company and Signifi have mutually agreed not to complete the acquisition as described in the Letter of Intent entered into earlier this year. Instead, the company will proceed with product development through the license agreement with Artemis. By terminating the proposed acquisition and moving forward with the licensing agreement, Management estimates that the number of shares required to be issued by the Company will be reduced by over 300 million, cash outlay for capital expenditures will be reduced by over $1.0 million and the time the Company recognizes revenue from sales cut in half.

Wayne Anderson, President of Sylios Corp, noted, "While the original plan for an acquisition and integration of the entire Signifi team was our original goal, Management strongly believes that it is in the best interest of shareholders to move forward with the licensing agreement with Artemis. The reduction in shareholder dilution will allow shareholders to benefit from the launch of the Company's cannabis dispensing product and subsequent revenue recognition in a more timely fashion."

About Sylios Corp

Sylios Corp, based in St. Petersburg, FL, is a holding corporation with operations engaged in the exploration and development oil and natural gas properties, investments in equities and corporate debt and the development of products utilized for the medical and recreational marijuana industry. Additional information can be obtained at the Company's website, www.usnatgascorp.com. The Company's website address will change to www.sylios.com.

About Artemis Dispensing Technologies

Artemis is a technology company founded with the goal of developing custom automated dispensing solutions. Its expertise is in working with verticals that require high security and temperature control and flexible payment processing technologies. Additional information can be obtained at the Company's website, www.artemisvending.com.

 

 

 






UNGS Forms "The Greater Cannabis Company, LLC" and Board Of Directors Vote For Company Name Change to reflect change of direction

 
On March 13, 2014, the Company formed The Greater Cannabis Company, LLC ("GCC") in the state of Florida. GCC will act as the
Company’s operating subsidiary for its new operation in the medical and recreational marijuana market.






 (UNGS) US Natural Gas Corp Announces Corporate Realignment and Expansion of Operations Company Forms Cannabis Subsidiary 


ST. PETERSBURG, Fla. March 17, 2014 --(OTC Pink:UNGS), an energy exploration company with operations in the Appalachian Basin is pleased to inform shareholders that the Company's Board of Directors has elected to realign its hierarchy of operations and further expand operations with the formation of a new wholly owned subsidiary. 
In an effort to more accurately reflect the Company's operations, the Board of Directors has approved several key changes to be implemented within the coming weeks. Included within these changes will be a name change to the parent Company to better reflect its role as a holding company. The Company's current subsidiaries will remain active with the possibility of name changes to one or more.

The Company has formed a wholly owned subsidiary whose operations will concentrate on the medical and recreational marijuana market in the southeast. 
Further details on the aforementioned corporate actions will be released simultaneously with the release of the Company's Unaudited 2013 Annual Report on or before March 30, 2014. 



 
 

Market Value1                 $1,095031   a/o Jun 09, 2014

Shares Outstanding      576,332,181    a/o Mar 31, 2014
Float                                233,459,081    a/o Mar 24, 2014
Authorized Shares      2,000,000,000    a/o Nov 14, 2013

Par Value     0.001


 
 
 
     
Management


Wayne Anderson, President and Chairman
 
Wayne Anderson has served as the President and Chairman of the Board of US Natural Gas since the incorporation of the company,
under the name of Adventure Energy, Inc., in March 2008. Prior to founding Adventure Energy, Wayne Anderson acted as the
Managing Member and a founding partner of Around the Clock Trading & Capital Management, LLC, an investment management
company, and the General Partner of Around the Clock Partners, LP from January 2000 through 2008. Through the fund Around the
Clock Partners, LP, Mr. Anderson has made significant key investments within the natural resources sector.
 
Mr. Anderson has been a vital source in negotiating and executing transactions for several small to mid-sized companies. From June
1997 through December 1999, Mr. Anderson was a proprietary equities trader. Mr. Anderson practiced as a Podiatric physician from
May 1993 through June 1997. Mr. Anderson studied biology at the University of Georgia from 1984 to 1987 and then attended the
Temple University School of Podiatric Medicine (formerly the Pennsylvania College of Podiatric Medicine) where he received a
doctorate of podiatric medicine (DPM) in 1991.









Sylios Corp 
 
 

The Greater Cannabis Company

Formed in March 2014, The Greater Cannabis Company, LLC will act as the Company’s operating subsidiary for its recently launched operations in the medical and recreational marijuana market. The Company will look to represent a line of premier products through licensing agreements, development, acquisitions and joint ventures.

Recent Accomplishments

The Company recently entered into a U.S. based licensing agreement with Artemis Dispensing Technologies for the development and resell of its automated dispensing product. Under the collaboration and license agreement, Artemis will be responsible for the continued development and completion of the automated dispensing product. Upon launch and sales of the product, Artemis will be responsible for the installation, training and customer support for the hardware and software. The Company will be responsible for direct sales, addition of key distributors and sub-licensing of specific territories within the U.S.

Domains

The Company has registered several domain names associated with the medical and recreational marijuana market. A few of the Company's domain names include:

  • cannabisdepot.us
    marijuanadepot.us
    potdepot.us
    weedapothecary.com
    weedpharmacy.us
    420somewhere.us

 

MUST SEE NEW WEBSITE
CLICK HERE


http://www.sylios.com/subsidiaries/the-greater-cannabis-company
 
 

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UNGS News: Investor Updates on Growth Companies in the Small Cap Arena and Special Profile by SmallCapTraders.com 07/16/2014 10:30:00 AM
UNGS News: US Natural Gas Corp Announces Approval of Name Change and Effective Date 06/19/2014 09:45:00 AM
UNGS News: US Natural Gas Corp to Acquire Signifi Solutions Inc. 04/30/2014 09:29:27 AM
PostSubject
#44841  Sticky Note Artemis is the development and production arm of gwinis 09/03/14 11:47:39 AM
#43104  Sticky Note Greenscape Laboratories, Inc. Announces Consulting Agreements With Sylios Jaxon2010 08/19/14 08:45:43 AM
#42548  Sticky Note CEO Update to Tom's post: bullrams 08/15/14 05:37:00 PM
#45813   Another slow morning gearing up for a 35 linkvest 09/16/14 10:37:15 AM
#45812   Yep... Investing 101.... buy 300k and it cost linkvest 09/16/14 10:26:51 AM
#45811   I already own shares at 5 but I Optionsmaster 09/16/14 10:21:52 AM
#45810   A million at these levels are only costing Tradeinman 09/16/14 10:20:05 AM
#45809   Move up to the 6's and see how linkvest 09/16/14 10:13:08 AM
#45808   Looks like no1 is budging to fill my Optionsmaster 09/16/14 10:11:29 AM
#45807   Yep... ditto linkvest 09/16/14 09:49:35 AM
#45806   Just have to empty his pockets of shares. linkvest 09/16/14 09:49:15 AM
#45805   He can still be broken through. He doesn't Optionsmaster 09/16/14 09:44:49 AM
#45804   Sure wish AYME would take a vacation. gxpac 09/16/14 09:35:43 AM
#45803   It's UNGS time.... We are due soon. linkvest 09/16/14 09:34:24 AM
#45802   Look at HFC0 , fls T, pbh g, Optionsmaster 09/16/14 09:28:35 AM
#45801   Another post thanks to TMS: " http://www.sylios.com/subsidiaries/the-greater-ca Tradeinman 09/16/14 09:27:16 AM
#45800   Thanks to TMS for this info. Although the Tradeinman 09/16/14 09:23:08 AM
#45799   I agree. I'll take a 10% gain every linkvest 09/16/14 09:18:58 AM
#45798   For sure this is ground floor pricing and linkvest 09/16/14 09:09:39 AM
#45797   Has anyone looked into why Greenscape had the Tradeinman 09/16/14 09:04:04 AM
#45796   There's going to be a huge bounce but linkvest 09/16/14 08:50:42 AM
#45795   Bounce time?? 1990Flstf 09/16/14 08:34:03 AM
#45794   Looks like some 7's will be coming up JacksonDawg 09/16/14 08:33:20 AM
#45793   Looks like today is turn around day... UP linkvest 09/16/14 08:28:01 AM
#45792   Just getting some of these UNGSters CDs out JacksonDawg 09/16/14 06:59:54 AM
#45791   This is by far not Microsoft!!!!!! INVESTOR 1384 09/16/14 04:50:03 AM
#45790   Chart looking like a nIce reversal with the Trimdaddy50 09/16/14 12:07:09 AM
#45789   Every morning is a slow to start volume linkvest 09/15/14 11:21:18 PM
#45788   I'm think the same thing here.... Both sides linkvest 09/15/14 11:19:14 PM
#45787   Price follows volume buddy. Just starting today! Jaxon2010 09/15/14 11:14:49 PM
#45786   Someone is loading the boat, could be insiders. Trimdaddy50 09/15/14 11:13:40 PM
#45785   I'll have to spread this around tomorrow.... UNGS linkvest 09/15/14 11:12:51 PM
#45784   It's right back where it was when the Jaxon2010 09/15/14 11:02:18 PM
#45783   A stock goes up 82% and no one linkvest 09/15/14 11:00:38 PM
#45782   Maybe they will move together!! Jaxon2010 09/15/14 11:00:24 PM
#45781   No I just back on the computer.. late linkvest 09/15/14 10:57:36 PM
#45780   Oops my bad 82%. Hmm? Jaxon2010 09/15/14 10:57:07 PM
#45779   Hey link did you notice Greenscape today? Up 84%!! Jaxon2010 09/15/14 10:56:15 PM
#45778   Also a shell doesn't own oil leases and linkvest 09/15/14 10:47:22 PM
#45777   I hardly would say $6500 is screwing any linkvest 09/15/14 10:44:22 PM
#45776   YES posted after market hours 1609 could it BTM 09/15/14 10:38:13 PM
#45775   Now thru mid Oct is the time when skills3 09/15/14 10:23:08 PM
#45774   ---"Anderson has screwed the pooch before. But it joseytheoutlawwales 09/15/14 08:41:59 PM
#45773   It's a VERY REAL possibility! This can take off Tradeinman 09/15/14 08:01:58 PM
#45772   Tradeinman, if we hit .02 I'll be a joseytheoutlawwales 09/15/14 07:34:48 PM
#45771   No need to worry about this one----its going skills3 09/15/14 07:06:05 PM
#45770   Ah quite simple actually....all ya gotta do is gwinis 09/15/14 07:03:36 PM
#45769   Honestly gwinis, a clean shell company is not IAflyer 09/15/14 06:29:51 PM
#45768   Stalker...? Thats some DD you perform. Impressive. No-Quarter 09/15/14 06:17:48 PM
#45767   That explains a lot actually....ok so my dd gwinis 09/15/14 05:56:09 PM
#45766   Funny, UNGS be leaving soon just loading coal PTLIAMHIS 09/15/14 05:55:44 PM
#45765   They can have an office etc. First line IAflyer 09/15/14 05:53:04 PM
#45764   I clearly am confused ...maybe someone can help gwinis 09/15/14 05:43:46 PM
PostSubject